TECHM 26th Feb 2017
Trade
Date of Trade (Time if applicable): 26 Feb 2017 Sunday Evening 07:50 pm
Entry Date: Buy Stop order is placed.
Trade Entry:
Market:BSE
Stock: TECHM - Tech Mahindra
Long/Short: Long
Current Price: 505.80
Entry Price: 523.52
Time Frame: Monthly
Type of Trade:
Long Term Trade
Reason For Trade:
IT sector is a strong sector and India has dominance and manpower for IT industry
Price has bounced from a strong support level.
RSI is showing positive divergence and making upper highs
RSI is above 50
RSI has broken a strong trendline
RSI is about to cross 20 SMA and is above 50 level
MACAD is crossing over at zero line which is a good indication
Good Risk Reward ratio
Market Cap.: ₹ 49,027.20 Cr. Current Price: ₹ 503.65 Book Value: ₹ 171.05 Stock P/E: 15.49 Dividend Yield: 2.37% Face Value: ₹ 5.00 52 Week High/Low: ₹ 564.00 / ₹ 405.50
QoQ Profits: 31.31% Quick ratio: 2.03 EVEBITDA: 9.29
Stop:
455.11
Target:
663.24
Pluses:
- Company is virtually debt free.
- Company has good consistent profit growth of 26.18% over 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.07%
- Company has been maintaining a healthy dividend payout of 25.13%
Net profit of Dec 2016 quarter is higher than previous quarter
Annual TTM results are near previous year
Compounded Sales Growth:
10 Years:27.72% 5 Years:38.81% 3 Years: 56.79% TTM:10.89%
Compounded Profit Growth:
10 Years:21.39% 5 Years:26.18% 3 Years:31.89% TTM:20.16%
Return on Equity:
10 Years:30.64% 5 Years:28.39% 3 Years:28.07% TTM:23.36%
Net cash Flow of March 2016 is higher considerably higher than previous years.
Minuses: Potential problems with the trade
The price may range for a while
Q3 results can decide the movement of the stock in South direction
Brief Summary of emotions:
Confident
Stock added or sold during the current trade:
Some stocks can be sold at around 584
Trade
Date of Trade (Time if applicable): 26 Feb 2017 Sunday Evening 07:50 pm
Entry Date: Buy Stop order is placed.
Trade Entry:
Market:BSE
Stock: TECHM - Tech Mahindra
Long/Short: Long
Current Price: 505.80
Entry Price: 523.52
Time Frame: Monthly
Type of Trade:
Long Term Trade
Reason For Trade:
IT sector is a strong sector and India has dominance and manpower for IT industry
Price has bounced from a strong support level.
RSI is showing positive divergence and making upper highs
RSI is above 50
RSI has broken a strong trendline
RSI is about to cross 20 SMA and is above 50 level
MACAD is crossing over at zero line which is a good indication
Good Risk Reward ratio
Market Cap.: ₹ 49,027.20 Cr. Current Price: ₹ 503.65 Book Value: ₹ 171.05 Stock P/E: 15.49 Dividend Yield: 2.37% Face Value: ₹ 5.00 52 Week High/Low: ₹ 564.00 / ₹ 405.50
QoQ Profits: 31.31% Quick ratio: 2.03 EVEBITDA: 9.29
Stop:
455.11
Target:
663.24
Pluses:
- Company is virtually debt free.
- Company has good consistent profit growth of 26.18% over 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 28.07%
- Company has been maintaining a healthy dividend payout of 25.13%
Net profit of Dec 2016 quarter is higher than previous quarter
Annual TTM results are near previous year
Compounded Sales Growth:
10 Years:27.72% 5 Years:38.81% 3 Years: 56.79% TTM:10.89%
Compounded Profit Growth:
10 Years:21.39% 5 Years:26.18% 3 Years:31.89% TTM:20.16%
Return on Equity:
10 Years:30.64% 5 Years:28.39% 3 Years:28.07% TTM:23.36%
Net cash Flow of March 2016 is higher considerably higher than previous years.
Minuses: Potential problems with the trade
The price may range for a while
Q3 results can decide the movement of the stock in South direction
Brief Summary of emotions:
Confident
Stock added or sold during the current trade:
Some stocks can be sold at around 584
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.